Talking to BSS on Wednesday, BTRC Chairman Dr Shahjahan Mahmood said: "We would hand over the license to the winning firm at a ceremony on November 7."

Mentioning that Infozillion BD Teletech Consortium Limited has been ranked as number one for the bid, he said: "The joint-venture firm has been given one month time to deposit the required licensing fees." The license acquisition fees have been set at Taka 10 crore, and the winning company will have to share 15 percent of its revenues with the government from the second year onwards. The company must provide the service within 180 days of getting the license.